193
193
Nov 12, 2012
11/12
by
CNBC
tv
eye 193
favorite 0
quote 0
you heard john boehner say that already. we've had voteses in the senate where we've gotten rid of tax credits. i think that's a given. and i think that the vast majority of measures agree with that. the question is how do you do that and how do you allow taxes to rise at the same time you fix the real problem and that's uncontrolled entitlement spending and a government that has grown massively. >> i think if the house stands for anything, it's cut government spending as tom coburn said and i think we'll have to do more of it. we heard the mandate in 2010 where it was a clear mandate cut spending and we did, we cut $900 billion in spending that he can't like painful tos us. >> we'll continue our call to rise bol politics and make a deal. oufr guests this morning include mike jackson and also david zaslav. and the head of maris group. and douglas holtz-eakin. >> let's talk about eurozone finance ministers meeting to discuss whether to release a new tranche of fund to go greece. the leaders are not expected it to okay the fun
you heard john boehner say that already. we've had voteses in the senate where we've gotten rid of tax credits. i think that's a given. and i think that the vast majority of measures agree with that. the question is how do you do that and how do you allow taxes to rise at the same time you fix the real problem and that's uncontrolled entitlement spending and a government that has grown massively. >> i think if the house stands for anything, it's cut government spending as tom coburn said...
175
175
Nov 16, 2012
11/12
by
CNBC
tv
eye 175
favorite 0
quote 0
he meets with harry reid, mitch mcconnell, john boehner and in an say palau and i. in an say pelosi. speaking on on thursday, simpson and bowles said washington hasn't been able to resolve the fiscal cliff because lawmakers haven't been focused on what's right for the country. >> leaders think it would be to their advantage to go off the fiscal cliff. what a wonderful trait that is, that we can win more as democrats if we let it go or more as complains. people are sick of that and they're ashamed of it. >> if we do get our house in order, future of america is really bright. if we don't, we're well on our way it to becoming a second rate power. >> bowles sees a one third chan of a deal during the lame duck session of congress. a one third chance nothing gets done and the economy moves into chaos. let's hear in michael gurhka. the economy moving in to chaos, is that why we're seeing this market action? >> i'm not surprised because on the equity side, it's always about confidence and right now a lot of politicians have not given the market any confidence whatsoever. so
he meets with harry reid, mitch mcconnell, john boehner and in an say palau and i. in an say pelosi. speaking on on thursday, simpson and bowles said washington hasn't been able to resolve the fiscal cliff because lawmakers haven't been focused on what's right for the country. >> leaders think it would be to their advantage to go off the fiscal cliff. what a wonderful trait that is, that we can win more as democrats if we let it go or more as complains. people are sick of that and they're...
74
74
Nov 14, 2012
11/12
by
CNBC
tv
eye 74
favorite 0
quote 0
house speaker john boehner kicked things off there. nothing directly in terms of commenting about what the president said today about wanting to raise the tax rates on the highest income earners. the american people need to see us act courageously and lead boldly and expects the president to do the same. >> the president didn't say much. the president was very vague. he didn't say anything about spending cuts and didn't talk about entitlements but just about doubling up the tax bigs. that sounds like a guy who is digging in. it doesn't sound constructive on a day when i thought the president was very aggressive and his tone did not send one conciliatory feel. >> sounds like stalemate. >> that's digging in your heels. i don't think that is particularly market bullish. >> not given the action we saw today. >> thanks for stopping by. it is time to set the record straight when it comes to net flex. how likely is a deal? our traders have answers. big lockup expiration brings a day of reckoning for facebook. telling you what to watch for. ho
house speaker john boehner kicked things off there. nothing directly in terms of commenting about what the president said today about wanting to raise the tax rates on the highest income earners. the american people need to see us act courageously and lead boldly and expects the president to do the same. >> the president didn't say much. the president was very vague. he didn't say anything about spending cuts and didn't talk about entitlements but just about doubling up the tax bigs. that...
140
140
Nov 12, 2012
11/12
by
CNBC
tv
eye 140
favorite 0
quote 0
this was the secret negotiation between barack obama and john boehner last year. we don't know all of the pieces that were in it. they offered 8$800 billion in revenue and then on the spending cut side they offered $450 billion in cuts to medicare and medication and changes to the way social security benefits are calculated. a lot of things on the table here. big things both tax increases and spending decreases. it's going to take some combination of those to get to a deal here and it's sort of where they go on this menu of options that's going to lead to whether or not they have votes to do it on capitol hill. >> there's a detail there. cut through it for me if you will. a lot of people around seem to suggest that they're going to get this thing tied up really quite quickly. my concern is that obama is beginning to grandstand. if you look at who he's meeting with, it looks like he might be preparing for a huge fight for his legacy, which actually might push us further back than a lot of people have bargained for. >> what you'll see with obama meeting with progres
this was the secret negotiation between barack obama and john boehner last year. we don't know all of the pieces that were in it. they offered 8$800 billion in revenue and then on the spending cut side they offered $450 billion in cuts to medicare and medication and changes to the way social security benefits are calculated. a lot of things on the table here. big things both tax increases and spending decreases. it's going to take some combination of those to get to a deal here and it's sort of...
164
164
Nov 16, 2012
11/12
by
CNBC
tv
eye 164
favorite 0
quote 0
president obama and john boehner almost got a deal in 2011. that's a place to pick up the discussions and i think you saw the president econfident there just winning the election there and house republicans back in the majority in the house and that's the dance to the finish line and i think they will. >> politico talked about whether or not the white house has learned its lesson in going into a room, a bunker, with the speaker, since it didn't work out the way they wanted last time around. do you think the president will be as involved or can he hand this off to someone else to negotiate? >> i think he'll be as involved. i think he'll be involved inside the room and outside of the room. the strategic turn the president made in fall of 2011 after the failure of the talks, he took the case to the public. i don't think he'll stop doing that. he'll try to keep the pressure on say i got mandate to raise taxes for people at the top. if you are willing to accept that, we'll get a deal. >> there code words you'll look for afterwards to see whether or
president obama and john boehner almost got a deal in 2011. that's a place to pick up the discussions and i think you saw the president econfident there just winning the election there and house republicans back in the majority in the house and that's the dance to the finish line and i think they will. >> politico talked about whether or not the white house has learned its lesson in going into a room, a bunker, with the speaker, since it didn't work out the way they wanted last time...
219
219
Nov 12, 2012
11/12
by
CNBC
tv
eye 219
favorite 0
quote 0
. >> what kind of hand does john boehner have? where sg it leave him and his ability to control the tea party wing? >> it actually puts skron boehner in a good position because during the debt ceiling talks last year, he had a lot of push back from the very far right of his party in the house. the tea party caucus, for example. this time around we won't see the same dynamic at all because the tea party caucus and far right have lost a lot of political capital in light of the election. so what we've already seen is speaker boehner talking to republicans in the house, putting his foot down early and saying we're not going to have that same push back we saw. instead, i'm going to tell you what we're going to do and what this deal is going to look like and you'll fall into line. >> he got criticism because he negotiated a deal and then went back and tried to sell to the party. does he naed to do he need to d way around, get a set position and then go into discussions? >> i think that is the thinking this time around. and he has certai
. >> what kind of hand does john boehner have? where sg it leave him and his ability to control the tea party wing? >> it actually puts skron boehner in a good position because during the debt ceiling talks last year, he had a lot of push back from the very far right of his party in the house. the tea party caucus, for example. this time around we won't see the same dynamic at all because the tea party caucus and far right have lost a lot of political capital in light of the...
324
324
Nov 15, 2012
11/12
by
CNBC
tv
eye 324
favorite 0
quote 0
can boehner get there if that's the case? >> if you look at eliminations of deductions, exemptions, credits, it doesn't get to you where we need to comply with the budget control act so the fact that we are examining an opportunity to perhaps look at either on higher income earners, whether it's $1 million or higher as opposed to marrying ourselves to 250 is a step in the right direction. i think the fact that there is discussion on this front initiated by the speaker and behind closed doors we'll get in detail. for the first time we're close and why throw away the opportunity. >> can i just mention how many jokes joe would have made about being behind closeds doors and consummating and that whole thing and that's why joe needs to be on the show and he's not. i'm doing a poor job that he would have made seven or eight jokes would have been made. let me just ask jared, the 39.6 in my mind seems like it is a bottom line, a starting point an an end point for the president. can you envision a deal being done on the fiscal cliff t
can boehner get there if that's the case? >> if you look at eliminations of deductions, exemptions, credits, it doesn't get to you where we need to comply with the budget control act so the fact that we are examining an opportunity to perhaps look at either on higher income earners, whether it's $1 million or higher as opposed to marrying ourselves to 250 is a step in the right direction. i think the fact that there is discussion on this front initiated by the speaker and behind closed...
250
250
Nov 13, 2012
11/12
by
CNBC
tv
eye 250
favorite 0
quote 0
spier boehner came so and sang the first version and president obama sang the second verse. they'll find a middle ground because there's a mandate for it and everybody knows what the issues are. so i actually am very optimistic that we'll have some pain in the short run, maybe three to six months, we'll start moving towards an end game and that's where investors should be positioned for. remember what wayne gretzky said. he was successful because he traded to where the puck was going, now where it is now. >> and a compromise involves higher taxes somewhere, so what does that do for your clients and investments? >> what i love that richard lefrak said is that wealth has been convicted and we're just waiting for the sentencing. that really puts it in context. because the wealthy, whatever that means and whatever they decide wealthy people are, with already knowing that they'll pay more. one of the things that's interesting is once that happens, and i believe that's the beginning rounds, all eyes will be turning to, okay, great, that's done, the villain is out of the room. >> i
spier boehner came so and sang the first version and president obama sang the second verse. they'll find a middle ground because there's a mandate for it and everybody knows what the issues are. so i actually am very optimistic that we'll have some pain in the short run, maybe three to six months, we'll start moving towards an end game and that's where investors should be positioned for. remember what wayne gretzky said. he was successful because he traded to where the puck was going, now where...
266
266
Nov 14, 2012
11/12
by
CNBC
tv
eye 266
favorite 0
quote 0
. >> twice where we were with boehner. but might be the beginning of bargain point. but you get 820 billion. so there's another 800 billion. at this point, the others are saying no cuts to medicare, social security, or anything else. and they have to find another 800 billion. >> the president did not say -- >> we know he has to cut some of those. >> my guess is the gop is saying they're looking at a trillion dollars as the number. >> and you saw what paul ryan said. the house was re-elected. so people re-elected those people in the house for a reason. it's a nonstarter. it's not going to happen. it's not going to be 1.6 billion. 1.6 trillion. to get to four trillion, that would be 2.4. so we said that. he'll go not 3-1 like simpson bowles. he's go one and a half to one. >> that's not going to happen either. >> but what bothers me -- >> the problem is nothing is going to happen. >> what bothers me is i do think you can get to a point where you raise taxes too much and you don't cut spending enough, where you're just funding entitlements by raising taxes and you don't
. >> twice where we were with boehner. but might be the beginning of bargain point. but you get 820 billion. so there's another 800 billion. at this point, the others are saying no cuts to medicare, social security, or anything else. and they have to find another 800 billion. >> the president did not say -- >> we know he has to cut some of those. >> my guess is the gop is saying they're looking at a trillion dollars as the number. >> and you saw what paul ryan...
158
158
Nov 15, 2012
11/12
by
CNBC
tv
eye 158
favorite 0
quote 0
. >> if you saw a headline, boehner-obama to agree to long-term solution, you would hit buy first on com? >> we no longer have to worry about rising above? >> i think we'll see that as a joke. >> only up 3% to 5% between now and tuesday. that's not their focus. >> i understand. >> but remember when germany went down, when the german forces went down. those are countries that are dominated by rich people. a lot of those companies are plutocrasies. i think when their market went down, they said holy cow, maybe we ought to do something, maybe monty ought to get together, our country t.a.r.p., that first vote, i think people said, okay, i'm going to have to work the rest of my life, there goes my 401(k) and the congressmen rise above. i hope it doesn't take that. i hope it didn't. >> we do have some media news today, viacom is out with some numbers. >> viacom is not as bad as i had feared. the market numbers down about 6% for the company which is perhaps a little bit better than might have been expected. if you take a look over the last few weeks has been down somewhat dramatically. look
. >> if you saw a headline, boehner-obama to agree to long-term solution, you would hit buy first on com? >> we no longer have to worry about rising above? >> i think we'll see that as a joke. >> only up 3% to 5% between now and tuesday. that's not their focus. >> i understand. >> but remember when germany went down, when the german forces went down. those are countries that are dominated by rich people. a lot of those companies are plutocrasies. i think when...
99
99
Nov 13, 2012
11/12
by
CNBC
tv
eye 99
favorite 0
quote 0
i think that speaker boehner, on the conversation that he had recently, shows that he is ready to move into a different direction. i think that he was ready to make a deal before. but his confidence was such i believe held to grover norquist that they couldn't move on the revenue. >> has that changed? has that changed? >> i think so. the fact that the president was reelected, the fact we have gaped seats in the house, the fact that we are two years from another election, i think that has changed. the fact that a lot of the tea partiers have lost or in very lee election and/or two years of experience. have to understand there is a real compromise in working together in trying to get something done. and i have confidence as a result that we will get something done. >> let's talk a little bit about the tragedy that befelled much of your district in keeps, the rockaways and many of those folks out there. are customers of line park the long island power authority what is your message to lipa today? are you satisfied with their response? >> no, their response was much too slow. you are suppo
i think that speaker boehner, on the conversation that he had recently, shows that he is ready to move into a different direction. i think that he was ready to make a deal before. but his confidence was such i believe held to grover norquist that they couldn't move on the revenue. >> has that changed? has that changed? >> i think so. the fact that the president was reelected, the fact we have gaped seats in the house, the fact that we are two years from another election, i think...
121
121
Nov 15, 2012
11/12
by
WUSA
tv
eye 121
favorite 0
quote 0
. >> reporter: but john boehner has ball clubbed at that idea. it would take away his party's leverage in calf issues. >> there's a lot of issues on the table that need to be resolved. i laid out a reasonable framework where both parties can work together and i'm looking forward to meet at the white house on friday and begin that conversation. >> reporter: boehner and other top republicans have proposed eliminating deductions and loopholes that benefit the wealthy instead of raising their tax rates. >> we're not going to hurt our economy and make job creation more difficult, which is exactly what that plan would do. >> reporter: today the president argued closing loopholes alone won't do enough to cut the deficit. they will have that argument face to face with boehner on friday. >> one of the most frequent criticisms we've heard over the past few years from members on both side is that you haven't done enough to reach out and build relationships. are there concrete ways that you plan to approach your relationships with congress in the second term
. >> reporter: but john boehner has ball clubbed at that idea. it would take away his party's leverage in calf issues. >> there's a lot of issues on the table that need to be resolved. i laid out a reasonable framework where both parties can work together and i'm looking forward to meet at the white house on friday and begin that conversation. >> reporter: boehner and other top republicans have proposed eliminating deductions and loopholes that benefit the wealthy instead of...
173
173
Nov 20, 2012
11/12
by
CNBC
tv
eye 173
favorite 0
quote 0
i think it would be easier to get simpson-bowles with boehner than with president obama. i don't think he's a true believer. >> we can have that debate but we're 40 days away from going off a cliff or small hill depending on who you ask. the question is what can each side give to get us where we need to be. >> but now you are really just talking about kicking the can again. >> i'm about rising above and rising above calls for compromise. >> i think harold is prepared. >> you are a simpson-bowles guy. >> the challenge is the president has drawn a line in the sand saying i want a pound of flesh period. don't get me a number. don't say a combination of spending cuts and a combination of discretionary of entitlement cuts and some tax increases. he's saying there's only one number. there's only one number. you got to give me that number. don't give me that number, the rest doesn't work. the problem is -- >> the country voted for him whether we like it or not. i like it he was re-elected. democrats picked up two seats in the senate. >> the country voted for him and they're goin
i think it would be easier to get simpson-bowles with boehner than with president obama. i don't think he's a true believer. >> we can have that debate but we're 40 days away from going off a cliff or small hill depending on who you ask. the question is what can each side give to get us where we need to be. >> but now you are really just talking about kicking the can again. >> i'm about rising above and rising above calls for compromise. >> i think harold is prepared....
110
110
Nov 18, 2012
11/12
by
FOXNEWS
tv
eye 110
favorite 0
quote 0
john boehner wants the congress to be seated, put a down payment on then a major tax reform in january, february, maybe march. >> i hadn't thought about that. paid it out in payments before it was approved. great to see you, bob. thank you very much. >> thanks. >>> the brand-new reaction this morning to the attacks in libya and benghazi after a week of testimony on capitol hill. in an interview today chris wallace sat down with key u.s. senators on the homeland security and intelligence committees. >> also listen to this. [ sirens] . >> this day, the violence intensifying in the middle east. israel threatening to escalate its forces. it's using the iron dome missile defense system intercepting one rocket aimed at tel aviv this morning. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and my daughter loves the santa. oh, ah sir. that is a customer. let's not tell mom. [ male announcer ] break from the holiday stress. fedex office. [ male announcer ] break from the holiday stress. seems they haven't been moving much lately. but things are startin
john boehner wants the congress to be seated, put a down payment on then a major tax reform in january, february, maybe march. >> i hadn't thought about that. paid it out in payments before it was approved. great to see you, bob. thank you very much. >> thanks. >>> the brand-new reaction this morning to the attacks in libya and benghazi after a week of testimony on capitol hill. in an interview today chris wallace sat down with key u.s. senators on the homeland security and...
139
139
Nov 17, 2012
11/12
by
CSPAN
tv
eye 139
favorite 0
quote 0
tomorrow is house speaker boehner's birthday. for those of you who want to wish him a happy birthday, we are not going to get him a cake because we did not know how many candles we would need. [laughter] >> thank you. >> thank you. >> following the meeting, house and leaders spoke briefly to reporters. >> good morning, everyone. we just had a meeting with the president to talk about america posted fiscal problems. i outlined a framework that deals with reforming our tax code and reforming our spending. i believe the framework that i have outlined in our meeting today is consistent with the president's call for a fair and balanced approach. to show our seriousness, we have put revenue on the table as long as it is accompanied by significant spending cuts. we are going to continue to have that on the table to show the american people that we are serious about cutting spending and solving our fiscal dilemma. i believe that we can do this and avert the fiscal cliff. >> this is not the first time we have dealt with these issues. we fe
tomorrow is house speaker boehner's birthday. for those of you who want to wish him a happy birthday, we are not going to get him a cake because we did not know how many candles we would need. [laughter] >> thank you. >> thank you. >> following the meeting, house and leaders spoke briefly to reporters. >> good morning, everyone. we just had a meeting with the president to talk about america posted fiscal problems. i outlined a framework that deals with reforming our tax...
118
118
Nov 19, 2012
11/12
by
FBC
tv
eye 118
favorite 0
quote 0
i think john boehner has been the biggest in this, putting revenue on the table. i do agree with doug and i think that we will get some last-minute deal where we will kick the can down the road. if we go to the fiscal cliff, my party will shoulder the blame. trust me, my party is losing the message game and that is why we are having a bargain right now. >> there is a larger point. bottom line, if we go into some kind of economic downturn or a recession, all sides and all parties. >> i do agree with you. when the finger-pointing goes down, my party is the one to blame. right now we are trying to put humpty dumpty back together. gerri: to that point, and to both of you, what does the republican party need to do? to change the way it is viewed, we need to do? >> we can't continue to be the party of old white men. we have to work and take control of immigration reform and we have to change our message. we have to stop the fire and brimstone. if you don't vote for us, you are a lazy mood or read it. we feel your pain, we are here with you, stick with us and in the futu
i think john boehner has been the biggest in this, putting revenue on the table. i do agree with doug and i think that we will get some last-minute deal where we will kick the can down the road. if we go to the fiscal cliff, my party will shoulder the blame. trust me, my party is losing the message game and that is why we are having a bargain right now. >> there is a larger point. bottom line, if we go into some kind of economic downturn or a recession, all sides and all parties. >>...
260
260
Nov 12, 2012
11/12
by
FOXNEWS
tv
eye 260
favorite 0
quote 0
in terms of raising revenue which boehner grew about. if you grew the economy at reagan levels instead of two percent and obama and french levels, just growing faster and do that for a decade, the federal government gets trillions in taxes. we could undo the damage by having higher growth. >> gretchen: that's the difference in ideology. raise it to 3#.9 percent x. replace the alternative minimum tax with the buffet and raise the state tax and long-term capitol gains from 15-20. where do you think that those four points will go in negotiations with the republicans? >> mr. boehner said one thing he's not willing to give up on is maintaining the 35 percent top rate. obama wants 39.6 percent. it is rather significant increase. the obama care tax increase. he takes the tax rate on half of all maul - on small business fall in the higher tax rate of 44 percent and up from 35 percent that. is a body blow to small businesses . obama doesn't care. they are not unionized and don't help him out. we have to protect that part of the country and focus
in terms of raising revenue which boehner grew about. if you grew the economy at reagan levels instead of two percent and obama and french levels, just growing faster and do that for a decade, the federal government gets trillions in taxes. we could undo the damage by having higher growth. >> gretchen: that's the difference in ideology. raise it to 3#.9 percent x. replace the alternative minimum tax with the buffet and raise the state tax and long-term capitol gains from 15-20. where do...
176
176
Nov 12, 2012
11/12
by
FOXNEWS
tv
eye 176
favorite 0
quote 0
so john boehner is in a very difficult spot. we've seen some movement that republicans are willing to put some tax revenue on it, but as boehner said over the weekend, he's not going to raise tax rates. and obama is insisting on that. so i don't think you're going to get, see any type of deal this week when congress comes back. there'll be more leverage games, and we're going to probably go deep into december raising the question, are we going to get a deal? jenna: what do you think? >> i think eventually they are going to get a deal, but i think it'll probably be a two-step process where they get some type of down payment on tax reform and then do something larger in the new year with the new congress being sworn in. so, but how do you do that, how do you have one-step process? i think you've got to have the parameters of what you're going to do next year now. boehner does not want a huge deal in the lame duck. he says that the new congress should be in session when you're going to do this, the newly-elected people. so it's goi
so john boehner is in a very difficult spot. we've seen some movement that republicans are willing to put some tax revenue on it, but as boehner said over the weekend, he's not going to raise tax rates. and obama is insisting on that. so i don't think you're going to get, see any type of deal this week when congress comes back. there'll be more leverage games, and we're going to probably go deep into december raising the question, are we going to get a deal? jenna: what do you think? >> i...
207
207
Nov 19, 2012
11/12
by
CNBC
tv
eye 207
favorite 0
quote 0
at 1.6 and we're talking about four total so that's 2.4 to 1.6 would be 1.5 to 1, when he was with boehner, 800, wanted another 4. >> you were in the room so you know. >> first of all, since we talk about bowles-simpson so much, bowles-simpson has a 1:1 ratio. >> it doesn't. >> i thought it's 1:4. >> it's 1:3. >> in the way the bowles-simpson frame was put out something people didn't realize was that in terms of the revenue number they weren't counting the expiration of the high income tax cuts which they proposed to get rid of. apples to apples, in terms of the way people are currently adding up their math, it's approximately a 1:1 ratio. >> erskine bowles said you should look at 3:1 in terms of spending cuts to revenue. >> i'm just saying what was in bowles-simpson. >> let's not forget about growth, we need to stimulate growth and a lot of it on the innovation side. >> david thank you, appreciate it i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again i
at 1.6 and we're talking about four total so that's 2.4 to 1.6 would be 1.5 to 1, when he was with boehner, 800, wanted another 4. >> you were in the room so you know. >> first of all, since we talk about bowles-simpson so much, bowles-simpson has a 1:1 ratio. >> it doesn't. >> i thought it's 1:4. >> it's 1:3. >> in the way the bowles-simpson frame was put out something people didn't realize was that in terms of the revenue number they weren't counting the...
115
115
Nov 14, 2012
11/12
by
CSPAN
tv
eye 115
favorite 0
quote 0
john boehner still in the house. you are still at the treasury. the president is back in the office. harry reid is in the senate with more seats -- why should i believe this will end any more positively than the summer of 2011? >> i will not try to talk to about optimism, but let's look at what has changed. you have republican leadership acknowledging relief for the first time in this debate in public that they would agree to increase revenues as part of an agreement to help restore fiscal balance. that is a very important change. you could debate what has motivated that change, and of course it is true that that approach has very popular substantial support among the american people. you have a much greater recognition that the economy would benefit from a carefully designed balanced agreement on fiscal reform. putting that off indefinitely is not good for the country. that is important, too. i think, again, if you listen carefully to what people are saying and what many politicians are saying, there is a lot of consensus on the things that would
john boehner still in the house. you are still at the treasury. the president is back in the office. harry reid is in the senate with more seats -- why should i believe this will end any more positively than the summer of 2011? >> i will not try to talk to about optimism, but let's look at what has changed. you have republican leadership acknowledging relief for the first time in this debate in public that they would agree to increase revenues as part of an agreement to help restore...
220
220
Nov 20, 2012
11/12
by
CNBC
tv
eye 220
favorite 0
quote 0
we had a handshake and constructive slap on the back by boehner and obama and that's going to fade next week when they actually get into the details of what they have to come up with. there will be acrimony and disagreement. that's what i want to take advantage of when we see a rally and risk this week, i want to sell it and think next week we come back to reality. >> basically this is more of a u.s. dollar driven trade opposed to what's going on in europe. >> yeah. that's true. i also -- you can toss in there we had the downgrade of france even though s&p downgraded earlier this year and moodies did it this time. we'll see articles over the next tl three to four days and over the weekend with problems with the bailout facility when there's not enough aaa rated countries in there. you'll see more negative news out on that. >> good to speak with you. andy bush. for more currency trades, watch "money in motion." we're off this friday but back next friday. you can get your fix online. >> we are awaiting a speech from fed chairman ben bernanke later today. we'll have a preview and analysis
we had a handshake and constructive slap on the back by boehner and obama and that's going to fade next week when they actually get into the details of what they have to come up with. there will be acrimony and disagreement. that's what i want to take advantage of when we see a rally and risk this week, i want to sell it and think next week we come back to reality. >> basically this is more of a u.s. dollar driven trade opposed to what's going on in europe. >> yeah. that's true. i...
WHUT (Howard University Television)
106
106
Nov 14, 2012
11/12
by
WHUT
tv
eye 106
favorite 0
quote 0
obama and house speaker john boehner are due to begin negotiations friday on averting the so-called fiscal cliff of expiring tax cuts and automatic spending reductions set to take effect at the end of the year. speaking in washington, treasury secretary timothy geithner stressed the urgency of reaching a deal. >> i know the cliff is unattractive. it would cause a lot of damage to the american economy. a careful about those who argue and urge for "let's just extend while we negotiate." it will leave a different source of uncertainty on the table, like what would give the people the incentive to come back and do something tough. >> millions of workers in europe have joined a general strike today protesting the wave of spending cuts and tax hikes that has swept the continent in the name of austerity. spanish and portuguese workers are coordinating their strike with work stoppages also planned in greece, italy, france and belgium. we will have more on the strike after headlines. closing arguments have ended in a pretrial hearing to determine whether u.s. staff sergeant robert bales will face a
obama and house speaker john boehner are due to begin negotiations friday on averting the so-called fiscal cliff of expiring tax cuts and automatic spending reductions set to take effect at the end of the year. speaking in washington, treasury secretary timothy geithner stressed the urgency of reaching a deal. >> i know the cliff is unattractive. it would cause a lot of damage to the american economy. a careful about those who argue and urge for "let's just extend while we...
189
189
Nov 14, 2012
11/12
by
CNBC
tv
eye 189
favorite 0
quote 0
speaker boehner said he's willing to entertain more revenue. the president should take him up on that offer and they ought to come together and find some way through this. the republican party has got to take a good luook at what its future holds but a good start will be coming together to solve this problem. >> governor, nancy pelosi of course out this morning says she's going to run again for some leadership in the congress. is that a signal that the white house is going to remain more partisan perhaps than some hope? >> actually, i don't think so. you know, nancy pelosi was the one who produced the votes for the financial bailout. you all recall that. there weren't republican votes even when president bush proposed it and secretary paulson. nancy found the votes. nancy is good at finding the votes out of our progressive wing and the president will need votes from our progressive wing and nancy is a good person to do that. >> we'll see how things go down this afternoon and later in the week. governor, lanhee good to see you back. don't be a s
speaker boehner said he's willing to entertain more revenue. the president should take him up on that offer and they ought to come together and find some way through this. the republican party has got to take a good luook at what its future holds but a good start will be coming together to solve this problem. >> governor, nancy pelosi of course out this morning says she's going to run again for some leadership in the congress. is that a signal that the white house is going to remain more...
197
197
Nov 16, 2012
11/12
by
FBC
tv
eye 197
favorite 0
quote 0
john boehner did offer framework. the framework would have tax and entitlement targets, revenue targets, spending targets, that this year in the next couple months. congress would work out the details in 2013. both leaders from both parties and both houses say it is time to get to work. >> we will continue to have revenue on the table. we are serious. we are serious about cutting spending and solving our fiscal problems. >> we will do it now. we feel very comfortable with each other. this is not something we will wait until the last day of december to get it done. rich: they met for a little longer than an hour here at the white house. much of the talk was positive. there really is not anything close to specifics right now coming from anyone in all of this. here he read and nancy pelosi really did not mention entitlement at all. rich o'connell highlighted the fact that his conference in the senate believes that this country does not have a taxing problem, it has a spending problem. there are still two very different b
john boehner did offer framework. the framework would have tax and entitlement targets, revenue targets, spending targets, that this year in the next couple months. congress would work out the details in 2013. both leaders from both parties and both houses say it is time to get to work. >> we will continue to have revenue on the table. we are serious. we are serious about cutting spending and solving our fiscal problems. >> we will do it now. we feel very comfortable with each...
20
20
tv
eye 20
favorite 0
quote 0
negotiate and the republican congress was sort of split between people who wanted to do a deal like boehner and the tea party which were sort of holding him hostage the fact that we wound up in a political position like that is really irresponsible and it's saddening it's not the way that we should be governing that being said if we're going to have some kind of grand bargain it can't be a grand bargain just for the sake of having a bargain and and john boehner coming out yesterday and saying that he wants to put a deal on the table he wants to go back to some kind of big trade between maybe raising some taxes and having long term tax reform is all well and good but i don't think that they're going to be capable of putting together something of that scope and that complexity over just the next couple of weeks particularly when we already have you know in my e-mail box this morning a dozen e-mails from various different special interest groups already saying don't go to a big bargain if you're going to take my you know my office or you don't go to a big bar and if it means raising taxes at a
negotiate and the republican congress was sort of split between people who wanted to do a deal like boehner and the tea party which were sort of holding him hostage the fact that we wound up in a political position like that is really irresponsible and it's saddening it's not the way that we should be governing that being said if we're going to have some kind of grand bargain it can't be a grand bargain just for the sake of having a bargain and and john boehner coming out yesterday and saying...
291
291
Nov 13, 2012
11/12
by
CNBC
tv
eye 291
favorite 0
quote 1
marginal rate back to 39.6 we're not going to do a deal, and i can tell you that the guys in the house and boehner, they really want to do this, this limiting deductions, limiting loopholes, raising effective rates, but lowering nominal rates. they want to do it that way but the president may say no and those guys in the house will say no and we might, it might happen. >> it might, but look, this is a leadership moment. we have a a leader who now has second term. he's a president. he's a fascinating individual in many respects. he's part of the problem. >> what gives you any indication he'll lead in this case? >> maybe he'll wake up to the fact that he has a chance to cut through the polarization and leave a winning legacy. this is his chance to rise above. give him a button. >> there you go. thank you for that, steve. we have more ahead from steve. coming up, we're going to talk about several stocks on the move ahead of the opening bell. we'll get down to "mad money's" jim cramer. "squawk on the street," jim cramer right after this. sometimes investing opportunities are hard to spot. you have to
marginal rate back to 39.6 we're not going to do a deal, and i can tell you that the guys in the house and boehner, they really want to do this, this limiting deductions, limiting loopholes, raising effective rates, but lowering nominal rates. they want to do it that way but the president may say no and those guys in the house will say no and we might, it might happen. >> it might, but look, this is a leadership moment. we have a a leader who now has second term. he's a president. he's a...
150
150
Nov 16, 2012
11/12
by
FOXNEWS
tv
eye 150
favorite 0
quote 0
not the president who is the problem it's john boehner's lack of control of his own party. jon: you hear john boehner telling the president to show some leadership. >> i hope he goes to his caucus and is able to corral them. >> if you want economic growth you lower taxes. jon: julie and monica, thank you. >> thank you. jon: and we'll be right back. [ man ] ring ring... progresso this reduced sodium soup says it mahelp lower cholesterol, how does it work? you just he to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. jon: a fox news alert now on a deadly train crash at a parade honoring our nation's heroes. the images from midland, texas, where police say a freight train slammed into a parade float carrying wounded veterans. four people were killed. more than a dozen others injured. casey seeing fell live in midland, texas, with more on this tragedy. casey? >> reporter: yeah, jon, union pacific railroad spo
not the president who is the problem it's john boehner's lack of control of his own party. jon: you hear john boehner telling the president to show some leadership. >> i hope he goes to his caucus and is able to corral them. >> if you want economic growth you lower taxes. jon: julie and monica, thank you. >> thank you. jon: and we'll be right back. [ man ] ring ring... progresso this reduced sodium soup says it mahelp lower cholesterol, how does it work? you just he to eat it...
214
214
Nov 13, 2012
11/12
by
CNBC
tv
eye 214
favorite 0
quote 0
after the election, boehner came out, thought he'd move some, and then obama came out the next day, and in the early part of his speech, he looked good. and all of a sudden he starts digging in. if you look at what the stock market did, it immediately dropped. came back a little bit that day, but immediately dropped. that's what's in people's minds and it's scaring the heck out of them. we have to have some solution. >> when we look to europe, it's a very similar scenario. we have all these issues revolving around greece and maybe to a lesser extent, spain, and it seems about the same dynamics. that it isn't results oriented, it's idle the car and hope things get better while you're sitting in there, hunkered down. >> that's absolutely the case. they have been spinning their wheels. fortunately for us, we've gotten away from the european situation, somewhat. because it looks like our economy can gain some traction. but it's immediately going to grind to a halt if we don't see something. >> you know, there's one area, there's one area that doesn't have the luxury to postpone results. and
after the election, boehner came out, thought he'd move some, and then obama came out the next day, and in the early part of his speech, he looked good. and all of a sudden he starts digging in. if you look at what the stock market did, it immediately dropped. came back a little bit that day, but immediately dropped. that's what's in people's minds and it's scaring the heck out of them. we have to have some solution. >> when we look to europe, it's a very similar scenario. we have all...
168
168
Nov 15, 2012
11/12
by
KTVU
tv
eye 168
favorite 0
quote 0
last week, house speaker john boehner said that congress has ways to avert the fiscal crisis, but rewriting the tax code in two or three weeks is not one of them. lawmakers have until midnight on new year's eve to reach an agreement. the first round of meetings begins today. hurricane sandy's power-packed winds swept away sales momentum in the retail sector, especially in the car industry. prior to the storm, retail sales were edging higher. the month of september was revised up 1.3% from 1.1%. but after sandy, overall, retail sales slid .3% in october, the first dip in 3 months. automaker sales plunged 1.5%, the larget drop since august of 2011. car makers blame the storm for sluggish sales and predict a rebound in november. the national automobile dealer'' association is standing by its prediction that as many as a quarter of a million vehicles suffered damage from superstorm sandy. and as our cover story explains, many of them could be resold at auction and wind up on used car lots from coast-to- coast. the national automobile dealer'' association says despite fewer than 40,000 claims fi
last week, house speaker john boehner said that congress has ways to avert the fiscal crisis, but rewriting the tax code in two or three weeks is not one of them. lawmakers have until midnight on new year's eve to reach an agreement. the first round of meetings begins today. hurricane sandy's power-packed winds swept away sales momentum in the retail sector, especially in the car industry. prior to the storm, retail sales were edging higher. the month of september was revised up 1.3% from 1.1%....
167
167
Nov 14, 2012
11/12
by
FOXNEWS
tv
eye 167
favorite 0
quote 0
late today, boehner said the president's position is flawed. >> we are not going to hurt our economy an make job creation more difficult. which is exactly what that plan would do. >> letter sent by the u.s. chamber of commerce and signed by 232 organizations calls on the president and congress to immediately extend all the tax cuts and find other cuts to replace sequestration. the president suggested taking a closer look at reforming entitlements without offing details and says he would like to simplify the tax code. mr. obama says he wants congress to act now to extend tax cut for middle class and try to avoid boxing himself in on upcoming negotiation. >> i'm open to come plo mize and new ideas. i have been encouraged for republicans to agree to more revenue as part of the arithmetic if we are serious to reduce deficit. >> the top republican in senate who is a key player in upcoming talks says raising taxes on the upper income americans does not add up. >> you can't raise taxes enough. the argument on whether or not we should raise tax rates on people above $250,000 would have produ
late today, boehner said the president's position is flawed. >> we are not going to hurt our economy an make job creation more difficult. which is exactly what that plan would do. >> letter sent by the u.s. chamber of commerce and signed by 232 organizations calls on the president and congress to immediately extend all the tax cuts and find other cuts to replace sequestration. the president suggested taking a closer look at reforming entitlements without offing details and says he...
120
120
Nov 13, 2012
11/12
by
CSPAN2
tv
eye 120
favorite 0
quote 0
john boehner will be, you know, the next speaker, eric cantor will be the majority leader, and kevin mccarthy will be the majority whip. where it starts to get interesting is for the conference chairman position. this is currently held by jeb hensarling who is making a bid to be the financial services chairman. hensarling has been a sort of rising star for a while within republican ranks. he was a republican study committee chairman which is sort of the top conservative position in republican circles in the house. there are two people who are making a run for conference chairman. tom price, who's also a committee chairman of the past, he's currently the republican policy committee chairman, he's making a bid for conference chairman, and kathy mcmorris rogers who's vice chairman of the republican congress right now. and they really do represent two different modes. mcmorris rogers is a very effective surrogate for romney. she is from washington, she's from tom foley's old district in the, in central/south washington. it's an agricultural area. spokane is sort of the population center,
john boehner will be, you know, the next speaker, eric cantor will be the majority leader, and kevin mccarthy will be the majority whip. where it starts to get interesting is for the conference chairman position. this is currently held by jeb hensarling who is making a bid to be the financial services chairman. hensarling has been a sort of rising star for a while within republican ranks. he was a republican study committee chairman which is sort of the top conservative position in republican...
74
74
Nov 14, 2012
11/12
by
FBC
tv
eye 74
favorite 0
quote 0
john boehner about a year and a half ago stopped about 800 alien dollars worth of revenue through tax reform. republicans won't give a number now but they want tax reform and an overhau overhauled the entirm to generate new revenue. there was talk about this yesterday with treasury secretary commissioner who said to that idea pretty much forgot about it. >> there is a lot of magical thinking about how much money can raise from tax adventures. people will look at that question and concluded i think incorrectly that there is a huge amount of resources. i think that is untrue. >> a dozen of ceos meet with the president and a couple of hours from now after the president's news conference at 1:30. a number of these executives have been to the white house before. members of the export council, jobs council, ceo of of ge, tao, ford, also say what the white house on the different councils in some form or another. cheryl: we will be taken the tae news conference from the president lives and the ceo will have something to chew on afterwards. thank you very much. dennis: might get a little awkwa
john boehner about a year and a half ago stopped about 800 alien dollars worth of revenue through tax reform. republicans won't give a number now but they want tax reform and an overhau overhauled the entirm to generate new revenue. there was talk about this yesterday with treasury secretary commissioner who said to that idea pretty much forgot about it. >> there is a lot of magical thinking about how much money can raise from tax adventures. people will look at that question and...
120
120
Nov 14, 2012
11/12
by
CSPAN2
tv
eye 120
favorite 0
quote 0
if you listen closely to what speaker boehner said, he also left the door open a little bit. can they get this all done in the lame-duck session? no, they cannot. can they get a little bit done what they can get the broader tax reform and spending controls done in a way that gives confidence to the ceos in this room? yes, they can do that. but the question is will they do it. >> so if you could give him one -- he did the president on the phone for two minutes and give them one piece of advice on what he has to do to get this deal done -- what would be? >> boy, i don't know. that's a tough question. i think i would tell him that he needs to spend more time with the leadership on both sides of the congress. and each open up the white house and invite more of the members of both houses and. a little bit more getting to know each other. that is not his nature. he is really introverted, to be quite frank. but he needs to reach out and
if you listen closely to what speaker boehner said, he also left the door open a little bit. can they get this all done in the lame-duck session? no, they cannot. can they get a little bit done what they can get the broader tax reform and spending controls done in a way that gives confidence to the ceos in this room? yes, they can do that. but the question is will they do it. >> so if you could give him one -- he did the president on the phone for two minutes and give them one piece of...
138
138
Nov 14, 2012
11/12
by
FBC
tv
eye 138
favorite 0
quote 0
lori: what do you think takeaway -- >> by the way neither can john boehner, good point. what is the takeaway among the best solutions for the fiscal cliff among all the people you talk to? >> the most intelligent thing to do here, i know a lot of people won't like this, to defer the decision until people come in with a new congress. we have a new congress coming in with the president beginning his second term and take at least section to nine months to resolve the tax --. melissa: here comes the president right now. first news conference since re-election. let's listen in. >> i hear you have some questions for me but, let me just make a few remarks at the top and then i will open it up. first i want to reiterate what i said on friday. right now our economy is still recovering from a very deep and damaging crisis. so our top priority has to jobs and growth. we've got to build on the progress that we've made because this nation succeeds when we've got a growing thriving middle class. that is the idea a the core of the plan that talked about on the campaign trail over the l
lori: what do you think takeaway -- >> by the way neither can john boehner, good point. what is the takeaway among the best solutions for the fiscal cliff among all the people you talk to? >> the most intelligent thing to do here, i know a lot of people won't like this, to defer the decision until people come in with a new congress. we have a new congress coming in with the president beginning his second term and take at least section to nine months to resolve the tax --. melissa:...
204
204
Nov 13, 2012
11/12
by
FOXNEWS
tv
eye 204
favorite 0
quote 0
veteran john boehner has a big task ahead of him. can the house speaker pull the gop together and try to make a deal with the president on the fiscal cliff as jay leno was talking about. should he? should a deal be made? a fair and balanced debate is coming up. lots of talk how the united states will eventually be world's top oil producer. that is what some say. there are questions why it is taking so long. those stories and breaking news all "happening now." jenna: well, it is a little unbelievable, but there is lot of twists and turns in this scandal we've been following so closely surrounding former cia chief and now others. hi, everybody. glad to have you with us. i'm jenna lee. rick: happy tuesday. i'm rick folbaum in for jon. controversy over the timeline of events over the petraeus investigation with members of congress wanting to know why the fbi didn't notify them and the white house until just recently when it began months ago. that investigation far from over. fbi searching the home of petraeus's alleged mistress, paula br
veteran john boehner has a big task ahead of him. can the house speaker pull the gop together and try to make a deal with the president on the fiscal cliff as jay leno was talking about. should he? should a deal be made? a fair and balanced debate is coming up. lots of talk how the united states will eventually be world's top oil producer. that is what some say. there are questions why it is taking so long. those stories and breaking news all "happening now." jenna: well, it is a...
111
111
Nov 13, 2012
11/12
by
CSPAN
tv
eye 111
favorite 0
quote 0
if you listen closely to what boehner said, he also left the door open a libble. can we get this done in the lame-duck session? no. can they do a little bit and kick the can down the field until next year where they can get the broader tax reform and spending controls in a way that gives confidence to these c.e.o.'s in this room? yeah, they can do that. so the question is, will they do that? >> will they do that? if you can give one -- senator sasser, if you can get the president on the phone for two minutes and give him one piece of advice what he has to do to get this deal done, what would it be? >> boy, i don't know. that's a tough question. i think i would tell him that he needs to spend more time with leadership on both sides of the congress. and he needs to open up the white house and invite more of the members of both houses in. a little more smoozing, if you will, a little more getting to know each other. that's not his nature. he's really a little introverted, to be quite frank about it. but he needs to reach out and become a more of a political animal an
if you listen closely to what boehner said, he also left the door open a libble. can we get this done in the lame-duck session? no. can they do a little bit and kick the can down the field until next year where they can get the broader tax reform and spending controls in a way that gives confidence to these c.e.o.'s in this room? yeah, they can do that. so the question is, will they do that? >> will they do that? if you can give one -- senator sasser, if you can get the president on the...
97
97
Nov 17, 2012
11/12
by
KQED
tv
eye 97
favorite 0
quote 0
house speaker john boehner called the meeting very constructive. >> i outlined a framework that deals with reforming our tax code and reforming our spending. and i believe the framework that i've outlined in our meeting today is consistent with the president's call for a fair and balanced approach. >> reporter: to republican leaders balance means some higher tax revenues are paired with reductions in spending and changes in entitlement programs. that's a challenge for democrats, but the president seemed willing to move in that direction. >> our challenge is to make sure that we are able to cooperate together, work together, find some common ground, make some tough compromises, build some consensus to do the peoples business. and what folks are looking for-- and i think all of us agree on this-- is action. >> reporter: speaker pelosi suggested the leaders agree on milestones that will bolster the economy. >> we should have a goal in terms of how much deficit reduction. we should have a deadline before christmas. we should show some milestones of success so that confidence can build as
house speaker john boehner called the meeting very constructive. >> i outlined a framework that deals with reforming our tax code and reforming our spending. and i believe the framework that i've outlined in our meeting today is consistent with the president's call for a fair and balanced approach. >> reporter: to republican leaders balance means some higher tax revenues are paired with reductions in spending and changes in entitlement programs. that's a challenge for democrats, but...